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1. • • A barrel of the North American oil benchmark is changing hands for about $90 US a barrel right now, but the heavy crude that comes from Canada's oilsands is fetching $30 less because of a perfect storm of imbalances between supply and demand. The oil blend known as West Texas Intermediate (WTI) was going for about $87 a barrel on Thursday.
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     Price gap on heavy Canadian oil tops $30 per barrel, widest ...

2. People also ask

   Is Canadian oil cheaper than US oil?

   • A cup of heavy oil extracted from Canadian oilsands is shown. Canadian oilsands crude always trades at a discount to more prized U.S. blends, but that price gap has widened in recent weeks. (Reuters) But that's no longer the case.

   Oil prices are rising, but Canada is getting comparatively less for

   www.cbc.ca/news/business/oil-prices-canada-1.6479046

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   Why are oil prices so low in Canada?

   • Russian President Vladimir Putin's decision to invade Ukraine has wreaked havoc on oil prices around the world. (Andrey Rudakov/Bloomberg) Oil prices around the world have risen to their highest levels in years, but Canadian oilsands producers are seeing comparatively less for every barrel because of imbalances in supply and demand.

   Oil prices are rising, but Canada is getting comparatively less for

   www.cbc.ca/news/business/oil-prices-canada-1.6479046

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   Why did oil prices rise 3%?

   • Oil prices rose about 3% to a four-month high on Wednesday on a surprise withdrawal in U.S. crude inventories, a bigger-than-expected drop in U.S. gasoline stocks and potential supply disruptions after Ukrainian attacks on Russian refineries.

   Oil prices up 3% to four-month high on U.S. crude stock drop, Russian

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-rise-on-signs-of-strong-demand-rate-cut-hopes/

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   Are oil prices going up?

   • And all that crude is starting to pile up. Data from the EIA on Wednesday showed the total number of barrels of oil in storage in the U.S. increased by almost 10 million barrels last week. That means demand is waning, which is a general sign the economy is slowing — which means oil prices will face an uphill climb even under ideal circumstances.

   Price gap on heavy Canadian oil tops $30 per barrel, widest spread

   www.cbc.ca/news/business/oil-price-canada-1.6613584

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3. www.cbc.ca › news › businessOil prices are rising, but Canada is getting comparatively ...

   www.cbc.ca › news › business

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   Jun 8, 2022 · Oil prices around the world have risen to their highest levels in years, but Canadian oilsands producers are seeing comparatively less for every barrel because of imbalances in supply and...

   • Price gap on heavy Canadian oil tops $30 per barrel, widest ...

     A barrel of the North American oil benchmark is changing...

   • Oil prices continue slide as OPEC+ boosts supply despite ...

     Oil prices continued their slide on Tuesday on skepticism...

4. www.cbc.ca › news › canadaOil prices continue slide as OPEC+ boosts supply despite ...

   www.cbc.ca › news › canada

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   Jun 4, 2024 · Oil prices continued their slide on Tuesday on skepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.

5. www.cbc.ca › news › businessPrice gap on heavy Canadian oil tops $30 per barrel, widest ...

   www.cbc.ca › news › business

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   Oct 14, 2022 · A barrel of the North American oil benchmark is changing hands for about $90 US a barrel right now, but the heavy crude that comes from Canada's oilsands is fetching $30 less because of a...

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7. www.cnbc.com › oilCrude Oil Prices Today and Oil Market News - CNBC

   www.cnbc.com › oil

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   Follow today's crude oil price moves and key news stories driving oil price actions, as well as developments in the broader energy sector.

8. www.nytimes.com › 2024/04/09 › businessWhy Oil Prices Have Been Rising Recently - The New York Times

   www.nytimes.com › 2024/04/09 › business

   Apr 9, 2024 · Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East. Analysts say the momentum could carry prices...

9. www.theglobeandmail.com › business › industry-newsOil prices up 3% to four-month high on U.S. crude stock drop ...

   www.theglobeandmail.com › business › industry-news

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   Mar 13, 2024 · Oil prices rose about 3% to a four-month high on Wednesday on a surprise withdrawal in U.S. crude inventories, a bigger-than-expected drop in U.S. gasoline stocks and potential supply...

10. oilprice.comCrude Oil Prices Today | OilPrice.com

    oilprice.com

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    Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice.